COMPANY NEWS
DEVONPORT FERRY PROFIT "The Press” Special Service AUCKLAND, June 7. The net trading profit of the Devonport Steam Ferry Company, Ltd., was £10,584 for the year ended April 30, a decrease of £4947, and this amount was struck after providing £5989 for depreciation and £18,50(k for taxation, against £9172 and £21,000 respectively in the previous year. To the trading profit » added £5148, net capital profits on the sale of ships. Brown's Island, and Bank of New Zealand shares. With £2898 brought in, there is The directors have added £3OOO to the steamer replacement reserve, £5OOO to the general reserve, and propose the usual 6 per cent, dividend (final 3 per wnt.) for the year, which will absorb * £9000,' leaving £1630 to be carried forward.
N.Z. BREWERIES’ GROSS PROFIT OF £1,050,461 *• The Press ” Special Service WELLINGTON, June 7. The gross profit, after paying beer duty, of New Zealand Breweries, for the year ended March 31, was £1,050,461, compared with £1,005,967 the previous year. Total expenses increased from £87»,»y3 to £905,074, including depreciation and tax provision. Net profit for the year was £139,387, against £125,972 in 1945. The carry forward from the previous year was £33,178, making £172,565. An interim dividend absorbed £57,238, leaving £115,327 to be dealt with. The directors recommend that it be appropriated as follows:—payment of dividend of 5 per cent, making 8} per cent, for the year £81,769, leaving £33,358 to be carried forward. MINING Ngahere.—The Ngahere return for the four weeks ended June 7 was 6200 z from 198,527 yards worked in 444 hours. Martha Company.—The Martha (Waihi) Company’s mining report is: 10,886 tons crushed for 2156 fine ounces of gold and 15,010 fine ounces of silver for 20 days’ work in the four-weekly period ended May 25.—(P.5.5.)
National Mortgage.—The National Mortgage and Agency Company has declared an interim dividend at the rate of 5 per cent, per artnum for the half-year ended March 31, 1946.—(P.A.)
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Press, Volume LXXXII, Issue 24896, 8 June 1946, Page 4
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321COMPANY NEWS Press, Volume LXXXII, Issue 24896, 8 June 1946, Page 4
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